IASB agrees to propose limited changes to balance sheet presentation of insurance contract assets and liabilities
The IASB continued its discussions on IFRS 17 and agreed to a narrow-scope amendment to the Standard.
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Insurance Banana Skins Survey 2017
What risks do insurers worldwide face in the current climate and how are they prioritising them? PwC and the Centre for the Study of Financial Innovation have joined forces to gather responses from senior insurers and close observers of the financial scene to learn what they see as the biggest threat. Find out what the top risks keeping insurers all over the world up at night are in the 2017 Insurance Banana Skins report now available.
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The insurance industry is undergoing fundamental transformation as it comes up against the impact of new regulation, new technology, accelerating shifts in consumer demand and mounting competition from InsurTech players. In the face of so many disruptive challenges, it’s important not to lose sight of the huge opportunities they’re creating for insurers.
We can help navigate this increasingly complex and uncertain business and geopolitical landscape. To make the most of these opportunities, we can help organizations look beyond the traditional boundaries of the insurance business to embrace new ways of working, new ways of interacting with customers, and whole new possibilities in what their business can deliver.
Insights
IFRS 17: Minimizing the risk of error
This paper examines what it means for the three lines of defense: development testing, validation, and audit – to work together on IFRS 17 implementation.
Brighthouse Financial - Executive Interview Series
P.Carlson, former COO of Brighthouse Financial, sits with PwC’s P.Horgan on various topics about the divestiture of Brighthouse Financial from MetLife.
IASB proposes to amend the effective date of IFRS 17 and extend the temporary exemption of IFRS 9 for insurers
The IASB will start the process to amend both the effective date of IFRS 17 and extend the temporary exemption in IFRS 4 for application of IFRS 9.
Update from the TRG for Credit Losses: November 2018
The TRG and FASB met recently. See our In depth for the the latest CECL developments.
Commercial insurance underwriting strategy: The key to high performance
Top P&C insurance firms pull away from the pack, led by a sustainable underwriting advantage, according to PwC analysis.
Validating your IFRS 17 program
IFRS 17 represents the most significant change in accounting standards in over 20 years. It introduces new liability measurement models with..
IASB agrees on criteria for evaluating any future potential amendments to IFRS 17
The IASB notes that a high hurdle will be set for any future amendments to IFRS 17.
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